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Compound Finance website reportedly hacked
The website of decentralized finance lending platform Compound Finance appears to have been potentially hacked, a blockchain sleuth warns.
Compound financinga decentralized finance lending platform backed by Coinbase and a16z crypto, has reportedly fallen victim to a hacker attack after its website began redirecting users to a different domain.
In a July 11 Telegram post, blockchain sleuth ZachXBT alerted users to a phishing domain redirecting visitors from the legitimate Compound Finance website to “compound-finance.”[dot]app”, which completely imitates the original version.
Newly registered fake domain that mimics Compound Finance | Source: Telegram
As of press time, Compound Finance has not made any public statement on the matter, with ZachXBT suggesting that Compound’s website “appears to have potentially been hacked.” Crypto.news has reached out to Compound Finance and will update the article if we receive a response.
Founded in 2017 by Robert Leshner and Geoffrey Hayes, Compound Finance allows users to lend and borrow cryptocurrencies without intermediaries by leveraging smart contracts. In 2019, the company raised $25 million in Series A funding led by Andreessen Horowitz’s a16z crypto with participation from other investors including Polychain Capital and Bain Capital. The platform has also secured funding from Coinbase Ventures, Paradigm, and Dragonfly Capital, among others.